📈 30 Second Cryptocurrency Price Summary Current Bitcoin Price: $37,765 Bitcoin price found a bottom in the $36,000s overnight, bouncing back toward $38,000 to begin Tuesday. Top-20 altcoins have had a rough 24 hours of trading, as Ethereum falls 4%, XRP tumbles 10% and Cardano takes a 7% hit. Top Stories for February 22, 2022 🔥 Non-profit organization, the Luna Foundation Guard, has successfully raised $1 billion in funding for a Bitcoin-based reserve for the Terra UST stablecoin. The fund is designed to provide more stability to UST in times of market uncertainty, with Bitcoin being the least-correlated cryptocurrency to LUNA – the Terra-native token that backs UST. Jump Crypto and Three Arrows Capital led the funding round, which was carried out through a sale of LUNA tokens. Former cryptocurrency exchange giant Huobi is looking to re-enter the US market. The move comes several months after closing access to Chinese customers last year to comply with regulations – eliminating one-third of its revenue in the process. According to co-founder Du Jun, the company is not necessarily focusing on exchange services, but may also provide traditional financial services. Austria-based crypto exchange Bitpanda has acquired UK company Trustology, an FCA-approved cryptocurrency custodian and wallet provider. Bitpanda will be rebranding the company to "Bitpanda Custody" and will be offering its own crypto custody services, with a focus on institutional investors. |